Text of measure

"If signed by the required number of registered voters and filed with the Secretary of State, this petition will place on the statewide ballot a challenge to a state law previously approved by the Legislature and Governor. The law must then be approved by a majority of voters at the next statewide election to go into effect. The law would limit statewide initiatives and referendums to November general elections or special elections, no longer including primary elections, and move the vote on proposed changes to California's budget reserves to November 2014."